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Motorola earnings rocket in first quarter

Published Thursday, April 22, 2004

Motorola announced net earnings for first quarter 2004 of $609 million—25 cents per share—on sales of $8.6 billion. Earnings improved by 257% year over year, from $169 million, while sales improved by 42% from $6.0 billion. Motorola’s Commercial, Government and Industrial Solutions segment posted operating earnings of $178 million, triple the $62 million reported for the year ago quarter. First quarter sales for CGIS totaled $1 billion, an 18% increase over first quarter 2003. The segment also announced a multi-year contract worth $151 million from the State of Victoria, Australia, for an emergency services digital radio network, as ...

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